Current Income definition

Current Income means income received by the household during the month prior to the submission of the IEF. If this income is higher or lower than usual and does not fairly or accurately represent the household's actual circumstances, the household may project its annual rate of income. If monthly income fluctuates, then households may project their annual rate of income and report this amount as current income.

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Current Income means income received during the month prior to application for free or reduced-price meals and multiplied by 12. If such income does not accurately reflect the household's annual income, income shall be based on the projected annual household income. If the prior year’s income provides an accurate reflection of the household's current annual income, the prior year may be used as a base for the projected annual income.

Current Income. This investment objective means that you seek investments with emphasis on income generation. You may elect to have some exposure to equities but you are primarily concerned with preservation of capital. Balanced: This investment objective means that you seek investments that are generally allocated among holdings that generate income as well as those which offer the potential for growth of the portfolio such as stocks and stock funds. You understand that many stock and stock funds have an income component to them and are willing to utilize stocks and stock funds as a means of income generation. Growth & Income: This investment objective means that you seek investments that primarily focus on growth of the portfolio with some of your portfolio being allocated to income producing investments. Growth: This investment objective means that you seek investments with the majority of your allocation being comprised of investments that have a focus on growth of the portfolio with little to no emphasis on producing income.

Examples of Current Income in a sentence

• Current Income Limit per Family Size Enter the Current Move-in Income Limit for the household size.

• Household income at move-in Household size at move-in Current Income Limit x 140% For recertifications, only.

• Income from all sources Current Income Limit per Enter the Current Move-in Income Limit for the household size.

• The monthly payment for all benefit types shall be computed by adding the appropriate Base Reinsurance Premium annual rate to the EPRC annual rate, then dividing the total by twelve and multiplying the result times the end of the month Guaranteed Benefit Amount, the Current Income Base or the Variable Account Value, as applicable.

• Amounts deposited by the Borrower or the Portfolio Asset Servicer in the Collection Accounts pursuant to this Section 2.10 on account of Portfolio Assets shall be treated as payments of Principal Collections (other than in connection with the sale of accrued interest which shall be treated as a payment of Current Income Collections) for purposes of Section 2.08 and shall be applied as provided in Section 2.08(a) or Section 2.08(c), as applicable.

More Definitions of Current Income

Current Income means all interest and dividend income (including original issue discount and payment of in-kind income) from investments (other than Short-Term Investments).

Current Income means cash dividends, interest and other similar cash distributions received by the Company in respect of its investments, net of any expenses or other obligations of the Company and reserves for existing or anticipated obligations of the Company.

Current Income means interest, dividend, rent and similar income from Investments held by the Partnership (other than Short-Term Investment Income).

Current Income means interest, dividend and similar income (including original issue discount and payment of in-kind income) from Investments and guarantees (other than short-term investment income).

Current Income means, except as otherwise provided on Exhibit D, proceeds from an Investment (including the release of previously reserved amounts attributable to Current Income in respect of such Investment) and any Temporary Investment Income, other than Disposition Proceeds, net of Company Expenses and reserves therefor which are allocated to such proceeds in accordance with Section 6.06.

Current Income means interest, dividends and other income from Managed Assets other than Disposition Proceeds; (B) “Disposition Proceeds” shall mean all amounts (whether cash, securities, instruments, assets or other interests) received upon the Disposition of a Managed Asset; and (C) “Disposition” shall mean the sale, transfer, exchange, redemption, repayment, repurchase or other disposition of all or any portion of a Managed Asset for cash, securities, instruments, assets or other interests.

Current Income means, with respect to any Investment, all income received from that Investment, less reasonable reserves for the payment of Operational Expenses anticipated to be allocated thereto, but disregarding any items of income or expense taken into account in determining Disposition Proceeds from that Investment.